A program seeking to help municipalities finance projects is moving along.
The Butler County commissioners created the Infrastructure Bank in 2017, and is only the second county statewide to have such a program.
It uses money from the county’s Act 13 funds- which come from gas drilling- to assist municipalities in getting low-rate loans for sewer, road and bridge projects. Many municipalities aren’t able to get low rates for projects because of financial limitations.
This week, the county authorized the Infrastructure Bank to seek a $10 million loan. Five different projects have been approved during this first round of funding.
The post Butler Co. Infrastructure Bank To Finance Local Projects appeared first on ButlerRadio.com – Butler, PA.
